VALIDITY AND SUPPORT AGREEMENTValidity and Support Agreement • August 25th, 2011 • Castle Brands Inc • Beverages • New York
Pursuant to a Loan and Security Agreement between Lender and CASTLE BRANDS INC., a corporation organized under the laws of the State of Florida (“CBI”) and CASTLE BRANDS (USA) CORP. a corporation organized under the laws of the State of Delaware (“CBUSA”) (individually and collectively, “Borrower”) (“Borrower”) dated on or about the date hereof (the “Loan Agreement”), by one or more revolving notes and/or term notes (the “Senior Notes”), and other documents, instruments and agreements executed and/or delivered to Lender in connection therewith (collectively, the “Loan Documents”), Lender is, and after the date of this validity and support agreement (the “Agreement”) will be, extending credit to Borrower. Capitalized terms used in this Agreement that are not defined herein shall have the meanings given such terms in the Loan Documents.
